Peapack Private Bank & Trust Mortgage Lending & HMDA Data, 2013
In 2013, Peapack Private Bank & Trust of Bedminster, NJ reported 993 mortgage applications totaling $684.0 million, down 4% from 2012. The average application was for $688,792, and applicants reported an average income of $181,397. 79% of its applications resulted in an originated loan and 9% were denied. Its largest markets were Newark-Union, NJ-PA (478), Edison-New Brunswick, NJ (343) and New York-White Plains-Wayne, NY-NJ (112) (applications in parentheses).
| Mortgage Company & Address | Peapack Private Bank & Trust 500 Hills Drive Bedminster, NJ 07921 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 |
| Total Number of Mortgage Applications | 993 |
| Total Mortgage Loan Application Amount | $683,971,000 |
| Average Mortgage Loan Application Amount | $688,792 |
| Highest Mortgage Loan Application Amount | $13,000,000 |
| Average Applicant Income | $181,397 |
| Highest Applicant Income | $9,999,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Peapack Private Bank & Trust filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans. Applications reported at $100 million or more are left out of these totals.
| Metro Area | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Newark-Union, NJ-PA | 478 | $ 231,139,000 | $ 483,554 | $ 205,000 |
| Edison-New Brunswick, NJ | 343 | $ 135,508,000 | $ 395,067 | $ 184,000 |
| New York-White Plains-Wayne, NY-NJ | 112 | $ 245,512,000 | $ 2,192,071 | $ 52,821 |
| Allentown-Bethlehem-Easton, PA-NJ | 19 | $ 13,844,000 | $ 728,631 | $ 90,736 |
| Trenton-Ewing, NJ | 11 | $ 10,902,000 | $ 991,090 | $ 153,000 |
| Philadelphia, PA | 10 | $ 26,251,000 | $ 2,625,100 | $ 17,000 |
| Camden, NJ | 5 | $ 14,420,000 | $ 2,884,000 | $ 133,000 |
| North Port-Bradenton-Sarasota, FL | 3 | $ 444,000 | $ 148,000 | $ 339,000 |
| Jacksonville, FL | 2 | $ 971,000 | $ 485,500 | $ 224,000 |
| Port St. Lucie, FL | 2 | $ 724,000 | $ 362,000 | $ 471,000 |
| West Palm Beach-Boca Raton-Boynton Beach, FL | 2 | $ 294,000 | $ 147,000 | $ 158,000 |
| Atlantic City-Hammonton, NJ | 1 | $ 1,000,000 | $ 1,000,000 | $ 2,537,000 |
| Fort Lauderdale-Pompano Beach-Deerfield Beach, FL | 1 | $ 296,000 | $ 296,000 | $ 284,000 |
| Miami-Miami Beach-Kendall, FL | 1 | $ 1,000,000 | $ 1,000,000 | $ 3,121,000 |
| Ocean City, NJ | 1 | $ 375,000 | $ 375,000 | $ 315,000 |
| Reading, PA | 1 | $ 1,163,000 | $ 1,163,000 | $ 0 |
| Vineland-Millville-Bridgeton, NJ | 1 | $ 128,000 | $ 128,000 | $ 71,000 |
Mortgage Loan Application Detail Totals for Peapack Private Bank & Trust in 2013
Loan Purpose |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| Refinancing | 571 | $458,188,000 | $802,000 | $9,750,000 | $206,000 | $9,999,000 |
| Home Purchase | 298 | $159,455,000 | $535,000 | $8,625,000 | $139,000 | $3,121,000 |
| Home Improvement | 124 | $66,328,000 | $534,000 | $13,000,000 | $170,000 | $1,083,000 |
Applicant Race |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| White | 601 | $183,392,000 | $305,000 | $3,000,000 | $196,000 | $3,121,000 |
| Not Provided | 187 | $69,132,000 | $369,000 | $4,500,000 | $277,000 | $9,999,000 |
| Not applicable | 131 | $411,618,000 | $3,142,000 | $13,000,000 | $0 | $0 |
| Asian | 36 | $12,374,000 | $343,000 | $750,000 | $209,000 | $958,000 |
| Black or African American | 20 | $3,924,000 | $196,000 | $750,000 | $93,000 | $794,000 |
| Hispanic | 17 | $3,405,000 | $200,000 | $360,000 | $92,000 | $205,000 |
| American Indian or Alaskan Native | 1 | $126,000 | $126,000 | $126,000 | $52,000 | $52,000 |
| Native Hawaiian or Other Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
Loan Type |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| Conventional (any loan other than FHA, VA, FSA, or RHS loans) | 992 | $683,673,000 | $689,000 | $13,000,000 | $182,000 | $9,999,000 |
| FHA-insured (Federal Housing Administration) | 1 | $298,000 | $298,000 | $298,000 | $100,000 | $100,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 0 | $0 | $0 | $0 | $0 | $0 |
| VA-guaranteed (Veterans Administration) | 0 | $0 | $0 | $0 | $0 | $0 |
Outcome |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| Loan Originated | 786 | $582,090,000 | $740,000 | $13,000,000 | $177,000 | $9,999,000 |
| Application Denied By Financial Institution | 91 | $38,920,000 | $427,000 | $4,900,000 | $158,000 | $882,000 |
| Application Withdrawn By Applicant | 63 | $30,892,000 | $490,000 | $3,250,000 | $202,000 | $2,389,000 |
| File Closed For Incompleteness | 31 | $13,292,000 | $428,000 | $1,200,000 | $275,000 | $1,083,000 |
| Application Approved But Not Accepted | 22 | $18,777,000 | $853,000 | $4,500,000 | $266,000 | $2,537,000 |
| Loan Purchased By The Institution | 0 | $0 | $0 | $0 | $0 | $0 |
| Preapproval Approved but not Accepted | 0 | $0 | $0 | $0 | $0 | $0 |
| Preapproval Denied by Financial Institution | 0 | $0 | $0 | $0 | $0 | $0 |
Denial Reason |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| Collateral | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit History | 0 | $0 | $0 | $0 | $0 | $0 |
| Debt-To-Income Ratio | 0 | $0 | $0 | $0 | $0 | $0 |
| Employment History | 0 | $0 | $0 | $0 | $0 | $0 |
| Insufficient Cash (Downpayment, Closing Cost) | 0 | $0 | $0 | $0 | $0 | $0 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Other | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Peapack Private Bank & Trust's 2013 lending activity. By analyzing detailed data on mortgage applications, total loan amounts, applicant incomes, loan purposes, and approval rates, industry professionals, researchers, and analysts can gain a clear understanding of this lender's role in the mortgage market.
This in-depth HMDA data allows real estate experts, financial analysts, and policymakers to track lending trends, evaluate borrower demographics,
and assess Peapack Private Bank & Trust's mortgage approval patterns.
Utilize this powerful dataset to analyze market performance, compare lending practices, and make data-driven decisions in the ever-changing mortgage industry.
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with aggregated HMDA statistics today.
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